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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

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[-] Metriximor@lemmy.ml 8 points 1 year ago

Fucking hell my salary isn't even enough to cover 3/4ths of that rent. Pure insanity

[-] Anticorp@lemmy.ml 7 points 1 year ago* (last edited 1 year ago)

$15 an hour seems to be about the minimum wage in Canada. $15x40x4.2=$2520 per month. If you're working a full-time job and you're making less than that, then your employer is breaking the law.

[-] ThePancakeExperiment@feddit.de 7 points 1 year ago

Isn't that before taxes? Or does this work differently in Canada?

[-] Metriximor@lemmy.ml 1 points 1 year ago

Oh I'm not Canadian, my bad for not clarifying. But I still live on a modern western country with a cost of living similar to Canada which is why I commented

[-] pwnna@lemmy.ca 4 points 1 year ago

Some people work part time tho because the companies don't want to pay benefits....

[-] LadyAutumn 4 points 1 year ago

Yes, and 2000/month rent is unaffordable at 85% of your income.

[-] Anticorp@lemmy.ml 5 points 1 year ago

I wasn't trying to imply that it's affordable at that rate, but they said they make 3/4 as much as the rent. Something is fishy about that. They're either getting ripped off, or they don't work full-time. Usually part-time workers don't refer to their income as "salary".

this post was submitted on 30 Aug 2023
446 points (100.0% liked)

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